ENERGY

INSPECTION QUOTAS ALLEGED

Murray Energy subsidiary sues MSHA, claiming 'abusive inspection practices'

Wednesday , 19 Nov 2008
The American Coal Company has accused MSHA of violating federal law and MSHA’s own rules in mine inspections, demonstrating “a clear pattern of disregard for both the spirit and intent of the law”.
JOINING OTHER PROJECT CUTS

Big oil sands mine development project decision delayed

Tuesday , 18 Nov 2008
Petro-Canada is delaying an investment decision on the Fort Hills oil sands mine project and also on the associated upgrader as it waits for costs to come down.
PAYING $70 MILLION TO SETTLE LITIGATION

Cliffs Natural terminates plans to acquire Alpha Natural Resources

Tuesday , 18 Nov 2008
Cliffs Natural Resources has terminated plans to acquire Alpha Natural Resources, and will pay $70 million to settle litigation fees for the two companies.
$24M AWARD UPHELD

Kingston Family's C.W. Mining loses 11th Circuit appeal on coal contract

Thursday , 13 Nov 2008
A recent 10th Circuit Court of appeal decision involving a Utah coal company and a Missouri utility has resurrected media curiosity over the substantial business holdings of a modern-day polygamous family.
GROWTH STILL EXPECTED

Hard times ahead for global coal trade

Tuesday , 11 Nov 2008
The VM Group says coal trade is negatively affected by the credit crunch in all parts of the world.
81% RISE IN Q3 NET PROFIT

Thai coal miner Banpu beats Q3 forecast

Monday , 10 Nov 2008
Thai coal miner Banpu has reported an 81% rise in third quarter net profit, on rising selling prices.
A TASTE FOR YELLOW CAKE

Uranium stocks back in fashion

Monday , 03 Nov 2008
Global investor portfolio flows show an especial appetite for uranium names, from established producers like ERA, to stocks which had all but been wiped out, like Xemplar. Tables included.
KEY OVERALL GROWTH COMPONENT

Super mine lifting gold, copper and uranium output in first of five expansion stages

Friday , 31 Oct 2008
BHP Billiton has outlined its expansion programme for is enormous Olympic Dam operation in South Australia setting out a timeline for the first time.
LONG TERM U.S. COAL OUTLOOK REMAINS BRIGHT

Despite robust year-to-date earnings, Arch Coal lowers 2008 earnings guidance

Tuesday , 28 Oct 2008
While Arch Coal’s year-to-date earnings are more than triple than those reported a year ago, a softening economy has convinced Arch to lower its earnings guidance by 20 to 30-cents per share.
COKING COAL PRICES CUT

Mechel preferred share issue revival plan

Friday , 24 Oct 2008
Russian coal mining and steel company, Mechel, is to re-introduce its plan to revive a preferred share issue which had been shelved in August after verbal attacks by Russian Prime Minister Vladimir Putin.
PLUS $80 OIL NEEDED FOR ACCEPTABLE RETURN

Oil price and credit crunch puts big Canadian oil sands projects on hold

Friday , 24 Oct 2008
The lower oil price and the global financial meltdown have led to some of Canada’s oil sands miners to defer or slow down planned new projects and expansions.
CASH LIQUIDITY

We do have enough cash after Dominion doom - Uranium One

Thursday , 23 Oct 2008
CEO Jean Nortier says the company has sufficient cash to see through its projects in the US and Kazakhstan. They are yet to announce the group's cash burn rate.
80,000 BARRELS PER DAY

Shenhua and Sasol name consultants for China coal to liquids plant

Thursday , 23 Oct 2008
To carry out the feasibility study in the Ningxia Hui Autonomous Region of China.
AMAJUBA HIGH VALUE

Miranda making strides in forgotten coal province

Tuesday , 21 Oct 2008
Miranda Coal talks to Mineweb about its high grade bituminous and anthracite coal project in South Africa’s KwaZulu-Natal province after resources are confirmed.
FOOTHOLD IN UKRAINE MARKET SOUGHT

Czech coal group NWR to buy 25 pct stake in Ferrexpo iron ore

Monday , 20 Oct 2008
Czech coal mining group New World Resources considers an investment in the Ukraine’s Ferrexpo to be a relatively inexpensive option to get access to the Ukraine’s vast ore reserves.
12 NATIONS PREPARE NUCLEAR PROGRAMS

IAEA Director General says 50 nations contemplating nuclear power generation

Monday , 20 Oct 2008
The head of the International Atomic Energy Agency says the technological innovation of today’s nuclear renaissance is aiming for inherently safe, proliferation-resistant and more-cost effective nuclear power.
DOES BIGGER MEAN SAFER?

As mega-Chinese coal pit opens, Chinese government shutter smaller coal mines

Monday , 20 Oct 2008
Experts say the current Chinese government clamp down on small coal mines will encourage worker safety.
TEST OF GOVERNANCE

Mining and metals oligarch Prokhorov may be sued over failed power deal

Friday , 17 Oct 2008
Withdrawal of Mikhail Prokhorov’s Onexim holding company from a proposed share buyout of power generator TGK-4 may lead to suits from investors both in Russia and in other jurisdictions.
NORTHERN TERRITORY QUEST

Uranium Equities claims multiple targets at old uranium mine

Friday , 17 Oct 2008
Uranium Equities Ltd says it has multiple targets for “immediate testing” on a licence covering the old Nabarlek uranium mine in the Alligator Rivers region of Australia’s Northern Territory.
THE PLOT THICKENS

A very convenient strike

Thursday , 16 Oct 2008
A permanent strike at Uranium One's Dominion mine could save shareholders around ZAR 66m a month.
MARKETS ROBUST

Consol predicts coal prices to stay high

Wednesday , 15 Oct 2008
Although company expects coal prices to stay high, major U.S. coal miner Consol reckons it will have to hold off on new mine projects for the time being because of credit crunch.
WORLD CLASS HYDROCARBON DEPOSIT

TNK-BP starts production at new Siberian oilfield

Wednesday , 15 Oct 2008
After months of ownership wrangles, TNK-BP has started up its new Verkhnechonsk oilfield with first deliveries into Transnet’s new Asian pipeline.
NATURAL RESOURCES DEVELOPMENT A PRIORITY

Canadian Government wins re-election. Positive for mining?

Wednesday , 15 Oct 2008
Canadian Prime Minister Stephen Harper and his Conservative Government easily won re-election Tuesday, which may prove a positive political development for the Canadian mining sector.
POSITIVE RESOURCE STOCKS

King Coal bounces back

Tuesday , 14 Oct 2008
Starting Monday, listed coal stocks in most global regions rallied powerfully, leading the global resources sector upwards.
RULE CHANGE WOULD BAN EMERGENCY WITHDRAWALS

BLM rejects House Resources Committee Grand Canyon hardrock mining ban

Monday , 13 Oct 2008
Federal officials are seeking to abolish a rule that allowed the House Natural Resources Committee to try to block uranium mining and exploration around the Grand Canyon.
AMERICAN COAL COMPANY GALATIA MINE

Another Murray Energy coal mine hit with hefty MSHA fines

Thursday , 09 Oct 2008
MSHA claims that Murray Energy subsidiary American Coal repeatedly flouted safety regulations, resulting in $1.46 million in fines, the second time this year Murray has been hit with substantial fines.
STANDARD & POOR’S REPORT

Old King Coal not so merry for U.S. utilities dealing with volatile coal prices

Thursday , 09 Oct 2008
With nearly 250 years of domestic reserves, Old King Coal still offers cheap power and energy security for the U.S. However, price surges, volatility and climate change politics are clouding coal’s future.
INVESTOR HUB: Uranium


TOP STORIES

WILL LEAVE DECEMBER 15

COO resigns from Teck as debt repayment plans unveiled

Saturday , 22 Nov 2008
Teck Cominco's Chief Operating Officer has resigned as the company unveils plans to pay off its Fording Coal purchase debt
More 

FAST NEWS

PREPARED FOR PRICES TO FALL TO $2,800/TONNE

Kazakhmys can cope with low copper prices 

MOLYBDENUM PRICES

Molymet forecasting $10 per lb in 2009 

NEW MINE SAFETY LAWS

SA holds CEOs accountable for deaths 

WORLD GOLD COUNCIL

Q4 gold demand to stabilise at 843 tonnes  

TALKS TO START IN THE NEW YEAR

Southern Copper wants to sell direct to Asia 

RIO TINTO’S PLANT IN ANGLESEY, WALES

UK aluminium smelter at full output by end-Nov